Dax barely changed – Weak specifications as a burdon

01/11/2018 – 10:00 a.m.: After profit taking at midweek, the German benchmark index starts trading day with little change. At currently 13,280 points, the Dax is still showing no tendency. The brilliant upward movement observed since the beginning of the year thus takes its first breath away, which, in view of the above-mentioned dynamics and performance, is no surprise. The overall upward trend remains intact. Temporary consolidation phases are a necessity in this context.

Weak specifications from the United States and the Far East act as a burdon. The major U. S. indices all went out of trading together behind red signs. The same applies to the Japanese Nikkei, which lost 0.3 percent at the close of trading. As with the German market, stock market barometers from overseas are consolidating at a high level. The rally at the beginning of the year is therefore not only taking its first toll in Germany.

The economic data to be published today determine where the journey will take us in the further course of trade. In addition to the ECB meeting minutes from December and Germany’s economic growth for 2017, the November figures on industrial production in the Euro Zone are also on the agenda. On the other side of the Atlantic, the diary features the US producer price index and the weekly US unemployment benefit claims. In addition, the US balance sheet season starts with the quarterly reporting of the Bank of America.

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